Crypto Exchange Archax to Offer Tokenized Money Market Funds
The UK-regulated crypto exchange and custodian, Archax, has announced the addition of tokenized money market funds from State Street Global Advisors, Fidelity International, and Legal & General Investment Management (LGIM) to its platform. According to CoinDesk's report on November 20th, these assets will initially be available on Hedera Hashgraph, XRPL, and Arbitrum blockchains. The move marks a significant step in the growing trend of traditional finance giants entering the tokenization space.
Archax CEO Graham Rodford emphasized that tokenized real-world assets are gaining momentum due to their potential for increased distribution and liquidity. This development follows Archax’s recent acquisition agreement with Spanish broker King & Shaxson Capital Markets (KSCM), pending regulatory approval in Spain.
Gemini Launches Crypto Services in France Post-DASP Registration
US-based cryptocurrency exchange Gemini has officially launched its services in France after securing registration as a digital asset service provider (DASP). As reported by Cointelegraph on November 19th, this launch allows French users access to over 70 digital assets via web or mobile platforms. Users can deposit using euros or British pounds through local payment methods such as debit cards and Apple Pay.
This strategic entry into the French market comes amid increasing trust in cryptocurrencies within the country compared to other regions like the US or UK. Gemini attributes this confidence boost partly to favorable regulations under France’s DASP regime, alongside EU-wide frameworks like MiCA.
Laptop Used for Tracing Stolen Bitcoin Heads to Smithsonian
A MacBook Pro used by IRS agents during an investigation into stolen Bitcoin from Bitfinex is now part of the Smithsonian's National Numismatic Collection. Decrypt reports that this laptop played a crucial role in recovering $3.6 billion worth of BTC—marking one of DOJ's largest financial seizures ever recorded.
Ellen Feingold from NNC highlights how including modern technology artifacts helps document shifts toward understanding cryptocurrency traceability better than before when myths about anonymity prevailed widely among public perceptions regarding blockchain transactions.
Trump Discusses Cryptocurrency Regulation with Coinbase CEO
An anticipated meeting between President-elect Donald Trump and Brian Armstrong—the CEO of leading American crypto-exchange company Coinbase—took place recently, according to Bitcoinist.com on November 21st. The conversation focused primarily on the future of regulatory appointments at top financial agencies like the SEC and CFTC, which could significantly impact the crypto industry landscape in America.
Sources:
- Crypto Exchange Archax to Offer Tokenized Money Market Funds from State Street, Fidelity International and LGIM
- US crypto exchange Gemini launches in France after DASP registration
- Laptop Used to Trace Bitcoin Stolen From Bitfinex Headed to Smithsonian
- Inside Trump's Crypto Meeting With Coinbase CEO: What Was Discussed On Monday? | Bitcoinist.com
- Binance Issues Important Alert to Crypto Community, Here's Why
- Delhi Authorities Arrest Suspect Allegedly Linked with $235M WazirX Crypto Exchange Hack
